Home Depot Credit Card Review: Special Financing and Promotional Rates

Home Depot Credit Card offers can help with home improvement.

Update: Some offers mentioned below may have changed or are no longer available. View current credit card offerings from our partners at CardCritics here or on the issuer’s website.

The Home Depot Consumer credit card issued by Citibank offers a host of features and benefits that you can take advantage of if you shop regularly at Home Depot. Whether you’re replacing a light fixture or tackling a kitchen remodel, the specialty financing and bonus offers can make the card a smart choice when financing the costs of home improvement projects.

Here’s a look at how you can use the Home Depot credit card to make the most of your spending with this retailer.

Home Depot Credit Card Review

When reviewing the card, you’ll see the Home Depot credit card doesn’t charge a fee but carries interest rates of 17.99 to 26.99 percent. One of the main benefits of the card is its special, everyday financing rate on purchases of $299 or more. Under the program, you can avoid interest charges on these purchases as long as you pay off the entire balance within six months.

Get Credit Card Perks

As a convenient benefit, you can manage your Home Depot credit card account online. From any PC or mobile device, you can pay your bills, track your account activity, activate account alerts and get exclusive offers.

Related: How to Get Your Home Depot Credit Card Application Approved

Home Depot Products and Services

Home Depot frequently offers additional promotional rates just for cardholders that extend beyond its six-month, interest-free financing offer. During special promotions, the big-box retailer sometimes will extend these interest-free periods for 24 months during certain times of the year, which can help you save a bundle if you need to finance a large home renovation purchase.

Another feature of the credit card is an extended return period. Although the normal period for Home Depot returns is just three months, card members get one full year to make hassle-free returns.

Before filling out an online application for a Home Depot consumer credit card, you can see if you pre-qualify via an online credit check review that won’t affect your credit score. All you’ll need is your name, email address, physical address and the last four digits of your Social Security number.

Get Credit Card Perks

Also See: Review the Best Store Credit Cards

Pros and Cons of the Home Depot Credit Card

One of the main strengths of the Home Depot credit card is its simplicity: The Home Depot card offers straightforward benefits on Home Depot purchases with no confusing discount points that you have to convert to rewards. Having the flexibility to pay off purchases over time without being charged interest can be a huge benefit during large renovation or building projects.

An extended return period gives you the ability to try out a wide range of products so you can make the best possible choices for your purchases. The main drawback of the credit card is the regular Home Depot financing rate, which is more a function of credit cards in general rather than this specific card. For purchases that don’t qualify for a special rate — typically, purchases less than $299 — you’re on the hook for an interest rate of about 18 to 27 percent if you don’t pay off the balance in full.

Get Credit Card Perks

Similarly, if you can’t make your entire Home Depot credit card payment within the interest-free grace period of six to 24 months, you’ll be assessed interest from the day you made the purchase at the full rate of the card.

Is the Home Depot Credit Card a Good Deal?

The Home Depot Consumer credit card can be a great alternative to a Home Depot loan for household improvement projects and purchases. You can get a credit card by applying via the Home Depot credit center or by calling the Home Depot credit card phone number to have a customer service associate assist you. An extended return period and special financing rates are two major benefits you’ll receive if you’re a regular Home Depot customer.

Up Next: 8 Pros and Cons of Store Credit Cards

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About the Author

John Csiszar

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.

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